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Fat Brands, Inc. has significantly increased its stake in Twin Hospitality Group Inc. (NASDAQ:TWNP) by acquiring 7,139,667 shares of Class A Common Stock. The transaction, completed on June 4, 2025, involved an exchange of liabilities listed as "due to affiliates" for shares, at a price of $4.37 per share. This acquisition brings Fat Brands’ total holdings in Twin Hospitality Group to 51,778,412 shares. According to InvestingPro data, Twin Hospitality currently carries a substantial debt burden of $570.73M against a market capitalization of $201.68M, with a concerning current ratio of 0.63. InvestingPro analysis reveals 11 additional key insights about TWNP’s financial health and valuation, available exclusively to subscribers.
In other recent news, Twin Hospitality Group Inc. reported a mixed financial performance for Q1 2025. The company experienced a 5.4% decline in total revenue, bringing it down to $87.1 million, while net loss widened to $12.1 million from $9.2 million in the previous year. Despite these setbacks, Twin Peaks, a key brand under the company, saw a 5.1% increase in system-wide sales, indicating resilience in a competitive market. Twin Hospitality also announced significant leadership changes, with Kim Boerema appointed as the new CEO, bringing extensive experience in the restaurant industry. The company plans to open 3-4 new units in 2025 and aims to raise $75-100 million in equity. Additionally, Michael Locey, the Chief Development Officer, announced his retirement, effective June 2025. Analysts from various firms have shown interest in the company’s strategic initiatives, which include enhancing sports programming and preparing for major events like the 2026 World Cup. These developments are part of Twin Hospitality’s broader strategy to expand its footprint and redefine the casual dining category.
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